Timely article from Dividend Training - highly recommended experts in Sage, Microsoft Office and Project Management.
At this time of the year, as we near PAYE year end, we and probably many of you, have been have been looking at ways we can save money, or perhaps more pertinently, free up money for new projects.
We'll have all had a go at creating forecasts for the year ahead, perhaps in Excel, perhaps in a dedicated forecasting tool. But a lot of our clients and if i'm perfectly honest I'll put ourselves in there, don't get the best out of the tools we already have at our disposal.
So as a starter in a series of 'how-to' guides, I'd like to remind people that if you've got Sage Accounts software, you have a built in forecasting tool already.
________________________________________
Sage Accounts lets you store a forecast against sales and a budget against expenditure types, or nominal codes as they're known. Did you know you can store budget and forecast against departments too?
The example I've used here is from Sage's demonstration data (which if you've attended one of our courses, you might just remember!) Here, the data is split into 7 departments, 0 being the default through to 7 - Workshop. If you're running a pub, it could be split between bar sales, restaurant and outside catering, for example. Then at the click of a button, you can see sales vs costs for each.
BUT!
The really great feature is that it automatically links to your actual expenditure so you can measure the accuracy of your budgets. No copying from one application to another, no mistakes from manual entry. All the data there for you, accurate and immediate.
If you're being really good, you can re-forecast based on that expenditure too!
________________________________________
So, what's the best way to save money?
Get the most out of what you've already got!
If you'd like to find out how we can help you save money, call us today on 01558 629 050. To see what others say about us click here.
I am Diana Vickers, the site owner of thebestof Carmarthenshire. This was launched in Carmarthen town in June 2008, to support the very best of the area’s businesses with their promotions and marketing....
The following Cookies are used on this Site. Users who allow all the Cookies will enjoy the best experience and all functionality on the Site will be available to you.
You can choose to disable any of the Cookies by un-ticking the box below but if you do so your experience with the Site is likely to be diminished.
In order to interact with this site.
To help us to measure how users interact with content and pages on the Site so we can make
things better.
To show content from Google Maps.
To show content from YouTube.
To show content from Vimeo.
To share content across multiple platforms.
To view and book events.
To show user avatars and twitter feeds.
To show content from TourMkr.
To interact with Facebook.
To show content from WalkInto.